Tony English | HQ Homes

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail	Assumable Loan Assumable · FHA	Assumable Loan + Second Assumable · FHA	Current Market Conventional New · Conventional
Loan amount	$290,794	$290,794	$454,410
Remaining term (yrs)	22.7	22.7	30.0
Secondary amount	$0	$163,616	$0
Funding fee	$0	$0	$0
Note rate	4.1%	4.1%	7.24%
Blended rate	4.95%	6.048%	7.48%
1st payment	$1,639.78	$1,639.78	$3,096.80
2nd payment	$0.00	$1,090.77	$0.00
Taxes / mo	$337.58	$337.58	$337.58
Insurance / mo	$166.67	$166.67	$166.67
MI / mo	$240.38	$240.38	$90.88
HOA / mo	$0.00	$0.00	$0.00
Total monthly	$2,384.41	$3,475.18	$3,691.93
Cash to close	$214,106	$50,490	$50,490